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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) amount to be swept i n
B) balance in the credit account that should trigger the sweep
C) minimum sweep amount
D) balance in the debit account that should trigger the sweep

2. A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A) MT752
B) MT740
C) MT747
D) MT742

3. The operation code "acceptance" is applicable for both export and import bills For the operation code "acceptance,1' identify the change of operation that is applicable only for import bills. (Choose the best answer.)

A) acceptance to discount
B) acceptance to advance
C) acceptance to purchase
D) acceptance to forfeiting

4. A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

A) written down value
B) group depreciation method
C) accelerated cost recovery
D) straight line method

5. In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

A) wntten down value
B) activity depreciation method
C) sum of digits depreciation method
D) straight line method

Solutions: